Fidelity National Information Servcs Inc (FIS) Receives $131.35 Consensus Price Target from Brokerages

Fidelity National Information Servcs Inc (NYSE:FIS) has been given a consensus rating of “Buy” by the seventeen analysts that are presently covering the stock, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $131.35.

FIS has been the subject of a number of recent analyst reports. Raymond James initiated coverage on shares of Fidelity National Information Servcs in a research report on Friday, April 12th. They set a “strong-buy” rating and a $131.00 price target for the company. Moffett Nathanson initiated coverage on shares of Fidelity National Information Servcs in a report on Tuesday, May 21st. They issued a “buy” rating and a $147.00 price objective for the company. Wells Fargo & Co lifted their price objective on shares of Fidelity National Information Servcs from $117.00 to $135.00 and gave the stock an “outperform” rating in a report on Thursday, April 18th. William Blair reaffirmed an “outperform” rating on shares of Fidelity National Information Servcs in a report on Tuesday, February 12th. Finally, SunTrust Banks downgraded shares of Fidelity National Information Servcs from a “buy” rating to a “hold” rating and set a $106.54 price objective for the company. in a report on Tuesday, March 19th.

In related news, Director Alexandar Navab, Jr. bought 5,075 shares of the business’s stock in a transaction on Thursday, March 21st. The shares were bought at an average cost of $107.22 per share, for a total transaction of $544,141.50. Following the completion of the purchase, the director now owns 5,075 shares of the company’s stock, valued at approximately $544,141.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.43% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the business. BlackRock Inc. lifted its stake in Fidelity National Information Servcs by 3.5% in the first quarter. BlackRock Inc. now owns 25,752,780 shares of the information technology services provider’s stock valued at $2,912,641,000 after buying an additional 877,811 shares during the last quarter. Vanguard Group Inc raised its stake in shares of Fidelity National Information Servcs by 1.1% during the third quarter. Vanguard Group Inc now owns 24,821,437 shares of the information technology services provider’s stock valued at $2,707,274,000 after purchasing an additional 261,868 shares in the last quarter. Lunia Capital LP bought a new stake in shares of Fidelity National Information Servcs during the fourth quarter valued at about $20,720,000. Morgan Stanley raised its stake in shares of Fidelity National Information Servcs by 1.3% during the first quarter. Morgan Stanley now owns 5,256,890 shares of the information technology services provider’s stock valued at $594,555,000 after purchasing an additional 65,831 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Fidelity National Information Servcs by 6.8% during the first quarter. Geode Capital Management LLC now owns 4,828,666 shares of the information technology services provider’s stock valued at $545,240,000 after purchasing an additional 308,513 shares in the last quarter. Institutional investors own 92.68% of the company’s stock.

FIS stock opened at $118.74 on Friday. Fidelity National Information Servcs has a twelve month low of $94.53 and a twelve month high of $121.75. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.03 and a quick ratio of 1.03. The company has a market cap of $38.43 billion, a PE ratio of 22.70, a P/E/G ratio of 1.33 and a beta of 0.73.

Fidelity National Information Servcs (NYSE:FIS) last released its quarterly earnings results on Tuesday, April 30th. The information technology services provider reported $1.64 earnings per share for the quarter, topping analysts’ consensus estimates of $1.57 by $0.07. Fidelity National Information Servcs had a net margin of 9.66% and a return on equity of 18.68%. The business had revenue of $2.06 billion during the quarter, compared to the consensus estimate of $2.02 billion. During the same quarter last year, the company earned $1.09 earnings per share. The business’s quarterly revenue was down .4% compared to the same quarter last year. On average, analysts anticipate that Fidelity National Information Servcs will post 7.46 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date of this dividend is Thursday, June 13th. Fidelity National Information Servcs’s payout ratio is 26.77%.

About Fidelity National Information Servcs

Fidelity National Information Services, Inc operates as a financial services technology company in the United States and internationally. It operates through Integrated Financial Solutions and Global Financial Solutions segments. The Integrated Financial Solutions segment offers core processing and ancillary applications; digital solutions, including Internet, mobile, and e-banking; fraud, risk management, and compliance solutions; electronic funds transfer and network services; card and retail solutions; corporate liquidity and wealth management services; item processing and output services; government payments solutions; and e-payment solutions.

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Analyst Recommendations for Fidelity National Information Servcs (NYSE:FIS)

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